European Union
Access to EU markets is of strategic importance for the Swiss financial sector. In the tax arena, the agreement between Switzerland and the EU on the automatic exchange of financial account information has been in force since 1 January 2017. The TRAF tax reform, which abolished controversial tax regimes, came into force on 1 January 2020.
Further information
Switzerland’s policy on the European Union
Considering the intense relations maintained with its European neighbours, it is crucial for Switzerland to have a focused and concerted policy in pursuing its interests with respect to the European Union (EU).